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Canadian (TSX) Market Analysis & Valuation

UpdatedNov 01, 2025
DataAggregated Company Financials
Companies2212
  • 7D-0.5%
  • 3M9.5%
  • 1Y20.2%
  • YTD19.0%

The market has been flat in the last week, however the Real Estate sector is down 4.1%. More promisingly, the market is up 20% over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Canadian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Nov 2025CA$4.7tCA$2.2tCA$216.1b16.3x21.7x2.2x
Mon, 29 Sep 2025CA$4.7tCA$2.2tCA$209.3b16.3x22.3x2.2x
Wed, 27 Aug 2025CA$4.4tCA$2.1tCA$202.9b16.1x21.9x2.1x
Fri, 25 Jul 2025CA$4.4tCA$2.1tCA$190.6b16.3x22.9x2.1x
Sun, 22 Jun 2025CA$4.3tCA$2.1tCA$191.8b15.3x22.3x2x
Tue, 20 May 2025CA$4.1tCA$2.1tCA$183.5b14.4x22.2x1.9x
Thu, 17 Apr 2025CA$3.8tCA$2.1tCA$173.1b15.2x22.2x1.8x
Sat, 15 Mar 2025CA$3.9tCA$2.1tCA$174.3b14.9x22.1x1.8x
Mon, 10 Feb 2025CA$4.0tCA$2.1tCA$168.6b14.6x24x1.9x
Wed, 08 Jan 2025CA$3.9tCA$2.1tCA$171.0b14.5x22.7x1.8x
Fri, 06 Dec 2024CA$4.0tCA$2.1tCA$169.1b14.6x23.6x1.9x
Sun, 03 Nov 2024CA$3.9tCA$2.1tCA$168.8b14.9x22.8x1.8x
Tue, 01 Oct 2024CA$3.8tCA$2.1tCA$167.7b15.4x22.8x1.8x
Thu, 29 Aug 2024CA$3.7tCA$2.1tCA$166.5b14.9x22.4x1.8x
Sat, 27 Jul 2024CA$3.6tCA$2.1tCA$167.8b14.2x21.7x1.8x
Mon, 24 Jun 2024CA$3.5tCA$2.1tCA$166.9b14.1x20.8x1.7x
Wed, 22 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.8x1.8x
Fri, 19 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.9x20x1.7x
Sun, 17 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.2x1.7x
Tue, 13 Feb 2024CA$3.4tCA$2.1tCA$176.8b13.3x19x1.6x
Thu, 11 Jan 2024CA$3.4tCA$2.1tCA$173.3b13x19.5x1.6x
Sat, 09 Dec 2023CA$3.3tCA$2.1tCA$172.3b12.2x18.9x1.6x
Mon, 06 Nov 2023CA$3.2tCA$2.1tCA$180.7b12.1x17.7x1.5x
Wed, 04 Oct 2023CA$3.1tCA$2.1tCA$185.4b11.3x16.8x1.5x
Fri, 01 Sep 2023CA$3.3tCA$2.1tCA$184.6b11.8x17.7x1.5x
Sun, 30 Jul 2023CA$3.3tCA$2.1tCA$191.2b11.9x17.2x1.6x
Tue, 27 Jun 2023CA$3.2tCA$2.1tCA$200.0b11x15.8x1.5x
Thu, 25 May 2023CA$3.2tCA$2.1tCA$205.6b11x15.7x1.5x
Sat, 22 Apr 2023CA$3.4tCA$2.1tCA$217.9b10.8x15.5x1.6x
Mon, 20 Mar 2023CA$3.1tCA$2.1tCA$211.2b10.7x14.5x1.5x
Wed, 15 Feb 2023CA$3.4tCA$2.1tCA$237.5b10.9x14.3x1.6x
Fri, 13 Jan 2023CA$3.3tCA$2.1tCA$245.1b10.9x13.6x1.6x
Sun, 11 Dec 2022CA$3.3tCA$2.1tCA$244.0b10.7x13.5x1.6x
Tue, 08 Nov 2022CA$3.2tCA$2.0tCA$241.5b10x13.3x1.6x
Price to Earnings Ratio

13.3x


Total Market Cap: CA$3.2tTotal Earnings: CA$241.5bTotal Revenue: CA$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.6x202320242025
Current Market PE
  • Investors are optimistic on the Canadian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.6x which is higher than its 3-year average PE of 19.6x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 3.6% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-0.50%
Energy1.31%
Tech0.87%
Financials0.085%
Utilities-0.91%
Materials-0.95%
Consumer Discretionary-1.68%
Telecom-2.01%
Industrials-2.19%
Healthcare-2.33%
Real Estate-3.04%
Consumer Staples-3.18%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (21.6%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Telecom industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
CCO CamecoCA$143.3416.2%
+CA$8.7b		95.6%PE117xEnergy
CLS CelesticaCA$482.8716.2%
+CA$7.8b		392.7%PE55.3xTech
TD Toronto-Dominion BankCA$115.161.6%
+CA$3.1b		50.0%PB1.6xFinancials
CNQ Canadian Natural ResourcesCA$44.872.5%
+CA$2.3b		-5.1%PE11.3xEnergy
BNS Bank of Nova ScotiaCA$91.991.4%
+CA$1.6b		27.0%PB1.4xFinancials
See more

Market Insights

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🏦 Room to Run: A Look at Where the Financial Sector Could Go
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Richard Bowman
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The AI capex boom is getting all of the attention, but behind that flurry of spending is an entire corner of the market that many are overlooking: Financials. Three key factors underpin the sector’s medium-term potential: a steepening yield curve, heightened IPO activity, and surging business spending together could boost financial stocks and ETFs higher.
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CP
CA$100.93
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7D
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1Y
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CLS
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1Y
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CCO
CA$143.34
Cameco
7D
16.2%
1Y
95.6%

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BMO
CA$174.23
Bank of Montreal
7D
-1.7%
1Y
37.6%
NGD
CA$10.33
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7D
13.9%
1Y
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CNQ
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7D
2.5%
1Y
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POW
CA$65.70
Power Corporation of Canada
7D
3.1%
1Y
48.1%

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ATD
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Alimentation Couche-Tard
7D
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1Y
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NTR
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1Y
13.2%

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LUN
CA$22.56
Lundin Mining
7D
8.7%
1Y
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CSU
CA$3,691.08
Constellation Software
7D
-2.4%
1Y
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RY
CA$205.47
Royal Bank of Canada
7D
-0.7%
1Y
20.8%

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TD
CA$115.16
Toronto-Dominion Bank
7D
1.6%
1Y
50.0%
BNS
CA$91.99
Bank of Nova Scotia
7D
1.4%
1Y
27.0%
TRI
CA$214.84
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L
CA$55.74
Loblaw Companies
7D
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1Y
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